Q32 Figure 29 – Principals’ considerations before organising an FEPOA 62% 41% 34% 27% 19% Who to appoint as a decisionmaker Whether to When the FEPOA Whether to set appoint one or starts limits or multiple conditions decisionmaker(s) Expectations from others 18% 13% When the FEPOA None of these ends Q.32. When organising your FEPOA, which of the following (if any) did you consider? Please select all that apply. Base: All principals n=537 Just over half of principals (56%) discussed their wishes with their prospective appointed decision-maker(s) and half (50%) spent time working out what was important for their future. Three in ten (29%) discussed their choice of prospective appointed decision-maker(s) with a trusted third party. Two in five principals (42%) communicated to their prospective appointed decision-maker that they had a choice whether to accept the role. A similar portion (42%) explained to other family members or a friend why they chose their appointed decision-maker(s). As shown in the ‘Principal and appointed decision-maker experiences’ section below, family conflict is perceived by principals and appointed decision-makers to be the second biggest risk associated with having an FEPOA. However, the data reveals only around half of principals are attempting to mitigate the risk by discussing the FEPOA with the person they want to appoint as their decision-maker, giving the prospective appointed decision-maker a choice in whether to accept the role, or explaining their choice of appointed decision-maker with other family members. Similarly, while concerns that the appointed decision-maker would misuse the principal’s money or go against the principal’s wishes were also identified in the section below as top risks associated with an FEPOA, very few considered setting limits or conditions in their FEPOA or spent time thinking through and communicating their wishes to the prospective appointed decision-maker. ‘Discussions were held with [the] appointed person[.] Expectations [were] aired and discussed[.] [The] Solicitor [was] involved positively…. [and we had a] Family meeting’ – Principal, FEPOA not in use Chapter : 7 Principal and appointed decision-maker considerations and experiences 41